Very Profitable & Best Bagel in Town!

Not Disclosed, NJ
Passaic County

Asking Price: Annual Revenue:
$115,000 $268,248

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Very Profitable & Best Bagel in Town! Broker: Seth Kain

Quick Facts

Asking Price: $115,000
Annual Revenue: $268,248
Net Profit: Not Disclosed
Cash Flow: $109,297
Total Debt: Not Disclosed
FF&E: $55,000
Real Estate: Not Disclosed
Year Established: 8
Employees: 3
BBN Listing #: 56752979
Broker Reference #: 6217SK

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Business Overview:

PRICED TO SELL! Newly-renovated bagel/deli off a major thoroughfare in a nice, safe town. Bakes fresh bagels daily. Seller has his own back parking lot w/a door on both sides. He’s highly motivated due to health issues. New interior walls, a new floor & a new ceiling. Brand new motors installed for the grill, vent & oven. All Furniture, Fixtures, & Equipment valued @ $55,000 in excellent condition included in sale. Close to a full size basement for storage. Has multiple corp. accounts & provides free delivery service for large existing customer base. Present specialty menu items draws many new customers. Good to add Uber Eats, Grubhub & more menu items. Owner will finance up to $20,000 over 18 months. Contact Seth Kain @ 201-317-4710 for additional details & showing.

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Property Features and Assets:

There’s approximately 1,000 square feet on the main level & approximately 850 feet of space in the basement. The main level was completely renovated (6) months ago which was mentioned above. Present owner has roughly (4) years left on a (5) year lease with (5) option years. A new qualified tenant can either get a lease assignment or should be able to get a long or lease term if desired.

Market Competition and Expansion:

There’s only one bagel/deli or bagel store within roughly 3 miles besides this one Dunkin Donuts. The Store presently has a 4.8 out of 5 star rating on Google. The reviews focus on their high quality food and very friendly service. A new owner should add Uber Eats and Grubhub. It’d also be a plus to expand its catering business by trying to increase its corporate client base. Some voucher advertising to area residents should boost gross sales as well.

Reason for Selling:

Owner has a health issue and is having a great dif

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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